Veolia Environnement(US:VEOEY)2024-08-01 16:59Financial Performance Highlights - Veolia reported revenue of €22,141 million, up by 4.4% excluding energy prices[7] - EBITDA reached €3,266 million, a 5.7% increase[7] - Current Net Income stood at €731 million, reflecting a 15.2% growth[7] - The company is on track to achieve a Current Net Income exceeding €1.5 billion for the year[7] Segment Performance - Water revenue reached €8,798 million, up 6.4%[8] - Waste revenue amounted to €7,728 million, also up 6.4%[8] - Energy revenue totaled €5,615 million, showing a 1.4% increase excluding energy prices and weather impact[8] Growth and Synergies - Boosters revenue increased by 6.9%, reaching €6,673 million[5, 11] - Strongholds revenue increased by 3.4%, reaching €15,468 million[11] - Efficiency gains of €194 million were delivered in H1 2024, ahead of the €350 million annual objective[5, 16] - Synergies of €386 million have been accumulated since the merger with Suez, ahead of the year's target of €400 million[17] Capital Allocation - Approximately €700 million in acquisitions and over €1 billion in asset divestments were signed[5] Guidance - Veolia confirms its 2024 guidance, including solid organic revenue growth, a 5% to 6% organic EBITDA growth, and a leverage ratio below 30x[7]